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RESIDENTIAL MORTGAGE LOAN SECURITIZATION TRUSTS (Tables) - Residential Mortgage [Member]
 9 Months Ended
Sep. 30, 2016
Variable Interest Entity [Line Items]  
Condensed Balance Sheet [Table Text Block]
The condensed consolidated balance sheets of the residential mortgage loan securitization trusts at September 30, 2016 and December 31, 2015 are set out below:
 
Balance Sheets
 
September 30, 2016
 
 
December 31, 2015
 
Assets
 
 
 
 
 
 
 
 
Residential mortgage loans held in securitization trusts
 
$
153,356,678
 
 
$
411,881,097
 
Receivables
 
 
501,423
 
 
 
1,446,120
 
 
 
 
 
 
 
 
 
 
Total assets
 
$
153,858,101
 
 
$
413,327,217
 
 
 
 
 
 
 
 
 
 
Liabilities and Equity
 
 
 
 
 
 
 
 
Residential securitized debt obligations
 
$
147,407,885
 
 
$
380,638,423
 
Payables
 
 
399,604
 
 
 
1,153,053
 
 
 
$
147,807,489
 
 
$
381,791,476
 
Equity
 
 
6,050,612
 
 
 
31,535,741
 
 
 
 
 
 
 
 
 
 
Total liabilities and equity
 
$
153,858,101
 
 
$
413,327,217
 
Condensed Income Statement [Table Text Block]
The condensed consolidated statements of operations of the residential mortgage loan securitization trusts for the three and nine months ended September 30, 2016 and September 30, 2015 are as follows:
 
Statements of Operations
 
Three Months Ended

September 30, 2016
 
 
Three Months Ended

September 30, 2015
 
Interest income
 
$
1,582,090
 
 
$
4,641,887
 
Interest expense
 
 
1,210,186
 
 
 
3,137,247
 
Net interest income
 
$
371,904
 
 
$
1,504,640
 
General and administrative fees
 
 
(13,653
)
 
 
(146,574
)
Unrealized gain (loss) on residential loans held in securitization trusts
 
 
(764,599
)
 
 
(1,323,697
)
Net income (loss)
 
$
(406,348
)
 
$
34,369
 
 
 
 
 
 
 
 
 
 
Statements of Operations
 
Nine Months Ended

September 30, 2016
 
 
Nine Months Ended

September 30, 2015
 
Interest income
 
$
9,143,343
 
 
$
15,573,046
 
Interest expense
 
 
6,978,474
 
 
 
9,894,956
 
Net interest income
 
$
2,164,869
 
 
$
5,678,090
 
General and administrative fees
 
 
(254,424
)
 
 
(495,094
)
Unrealized gain (loss) on residential loans held in securitization trusts
 
 
80,511
 
 
 
(7,655,902
)
Net income (loss)
 
$
1,990,956
 
 
$
(2,472,906
)
Schedules of Concentration of Risk, by Risk Factor [Table Text Block]
The geographic concentrations of credit risk exceeding 5% of the total loan balances related to the residential mortgage loan securitization trusts as of September 30, 2016 are as follows:
 
 
 
September 30, 2016
 
California
 
 
38.7
%
Washington
 
 
14.6
%
Massachusetts
 
 
8.9
%
Florida
 
 
5.7
%